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Bajaj Auto has dipped 3.5% to Rs 2,365 on the National Stock Exchange (NSE) after foreign institutional investor Europacific Growth Fund sold about three million shares worth of Rs 723 crore of two-wheeler manufacturers through open market.
The stock opened at Rs 2,455 and hit a low of Rs 2,350, its lowest level since October 17, 2014, on the NSE so far.
On January 8, 2015, Europacific Growth Fund sold 2.95 million shares representing 1% of total equity of Bajaj Auto at Rs 2,449.97 on the NSE, the bulk deal data shows.
The name of the buyers not ascertained.
As of September 30, 2014, Europacific Growth Fund held 6.65 million shares or 2.3% stake in Bajaj Auto, the shareholding pattern data shows.
The stock opened at Rs 2,455 and hit a low of Rs 2,350, its lowest level since October 17, 2014, on the NSE so far.
On January 8, 2015, Europacific Growth Fund sold 2.95 million shares representing 1% of total equity of Bajaj Auto at Rs 2,449.97 on the NSE, the bulk deal data shows.
The name of the buyers not ascertained.
As of September 30, 2014, Europacific Growth Fund held 6.65 million shares or 2.3% stake in Bajaj Auto, the shareholding pattern data shows.
